INSTITUTE FOR PUBLIC AFFAIRS

EIN: 942889692 501(c)(3)

CHICAGO, IL

Total Revenue
$898,922
Total Expenses
$171,015
Total Assets
$3,530,276
Net Assets
$2,392,730
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
IL
Principal Officer
ALEX HAN
Phone
7737720100
Tax Period
2023-01-01 to 2023-12-31

INSTITUTE FOR PUBLIC AFFAIRS, founded in 1982, is a small nonprofit that reported $899K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $728K, a strong 81% operating margin.

Mission

PUBLICATION OF A PERIODICAL MAGAZINE COVERING POLITICAL AND SOCIAL JUSTICE MOVEMENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $883,322
Program Service Revenue $0
Investment Income $0
Other Revenue $15,600
TOTAL REVENUE $898,922

Expense Breakdown

Grants Paid $0
Salaries & Benefits $106,154
Fundraising Expenses $0
Program Expenses $126,617
Other Expenses $64,861
TOTAL EXPENSES $171,015

Year-over-Year Comparison

2023 2022 Change
Revenue $898,922 $2,424,946 -0.6%
Expenses $171,015 $2,532,707 -0.9%
Net Income $727,907 $-107,761 -7.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
17
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$106,154
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK PERLSTEIN PRESIDENT 3.00
Officer Director
$0 $0 $0
DAVID TABER VICE PRESIDE N/A
Officer Director
$0 $0 $0
DAN DINEEN TREASURER N/A
Officer Director
$0 $0 $0
WILLIAM WEAVER SECRETARY 3.00
Officer Director
$0 $0 $0
CRAIG AARON BOARD MEMBER 1.00
Director
$0 $0 $0
M NIEVES BOLANOS BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN CREIGHAN BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTIAN DIAZ BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES HARKIN BOARD MEMBER 1.00
Director
$0 $0 $0
KATELYN JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT KRAIG BOARD MEMBER 1.00
Director
$0 $0 $0
JAWANZA MALONE BOARD MEMBER 1.00
Director
$0 $0 $0
KEISA REYNOLDS BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN SALTZMAN BOARD MEMBER 1.00
Director
$0 $0 $0
ALEX HAN EXECUTIVE DI 40.00
Officer
$106,154 $0 $106,154
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $898,922 $171,015 $3,530,276 $727,907
2022 $2,424,946 $2,532,707 $2,802,579 $-107,761
2021 $2,770,410 $2,745,437 $2,903,141 $24,973
2020 $2,719,611 $2,443,792 $2,787,289 $275,819
2019 $2,302,835 $2,152,100 $2,315,634 $150,735
2018 $2,043,404 $2,220,110 $2,416,753 $-176,706
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